Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX−0.104%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.104%, 7d avg +0.056%

Together, before fees+0.156%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.160% cheaper against HTX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.168	0.0100	pay 0.0100% / 8h	7h 55m	$648K	$875K	75x
Short	Nado LINK-PERP	13.154	0.0100	get 0.0012% / 1h	55m 36s	$402K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee NadobpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.056%: −$16.03
Slippage, 4 orders: −$36.32
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$71.35
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from HTX: live order book, 18 min ago; Nado: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 18 min ago	6.76 bp	12.8 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit
Sell Nado live order book, 17 min ago	0.38 bp	7.5 bp −$8	17.3 bp −$173	doesn't fit	doesn't fit

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LINK_USDT	−0.0111%	8h	13.154	−0.104%	$130.4M	$12.1M	75x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.171	+0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.164	−0.028%	$481K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.181	+0.099%	$743K	$152K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.173	+0.038%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.172	+0.034%	$4K	$89K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.830%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.176	+0.063%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.163	−0.039%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.153	−0.112%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPshort	+0.0100%	1h	13.154	−0.104%	$402K	$312K	10x
Aster LINKUSDT	+0.0100%	8h	13.158	−0.075%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.162	−0.044%	$277K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.154	−0.105%	$122.2M	$306.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.152	−0.119%	$85.0M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.151	−0.127%	$27.9M	$86.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.172	+0.033%	$185K	$172K	10x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.160	−0.058%	$36.6M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.158	−0.074%	$22.8M	$14.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.151	−0.127%	$54.7M	$30.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.160	−0.058%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	+0.053%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.166	−0.010%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.169	+0.010%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.169	+0.010%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.155	−0.096%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.175	+0.053%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.194	+0.198%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.181	+0.101%	$5K	$32K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.168	long leg	$648K	$875K	75x
Extended LINK-USD	+0.0104%	1h	13.157	−0.083%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.182	+0.109%	$553K	$2K	3x	as long as short
Phemex LINKUSDT	+0.0105%	8h	13.193	+0.192%	$20.4M	$11.6M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.179	+0.086%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.192	+0.185%	$5.2M	$16.7M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0305%	1h	13.197	+0.223%	$364K	$373K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.191	+0.178%	$6.9M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.146	−0.169%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0419%	1h	13.157	−0.085%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0438%	1h	13.185	+0.131%	$79.2M	$24.6M	10x	as long as short